SLADF funding will be awarded through competitions. The selection process is done in two stages:
The first stage involves the submission of a Project Concept Note (PCN), which is a summary of your proposed business idea. The PCN template as well as Guidance Notes will be available on the SLADF website upon the launch of a new competition. Applicants are expected to register on the website in order to access the template.
The second stage involves the submission of a detailed business plan as well as financial and development impact projections.
Organisational Assessment Visits: SLADF engages with and visits the shortlisted applicants to understand their business model and innovations better and to carry out an organisational assessment of the applicant’s business.
The contracting phase is rigorous and formalises obligations and deliverables committed to by the grantee so as to meet all contracting terms and inform disbursement of funds.
Disbursements are actualised by following disbursement schedules agreed to at the time of contracting, and are dependent on key deliverables being met at each stage of the project
Grantees must self-report semi-annually. They can however choose to report quarterly if they need funds disbursed.
Monitoring and evaluation visits to the projects semi-annually or quarterly, to assess technical and financial progress.